I received my quote from Barclays this morning regarding merchant facilities.
They are as follows:
Charge Per Applicable Transaction:
Card Sales: 1.649%
Terminal Type: ePDQ MPI
Set Up: £150.
Monthly Management Fee: £25.00
Monthly Transaction Fee: 2%
Non secure Transaction Charge: 0.85%
Charges do not include VAT
I anticipate minimum revenue of £40k in first year. My unit sales average £675.00 so at 3.649% I am looking at approx £25.00 charge for each transaction.
Are these charges reasonable? To me they seem a little excessive but I've yet to do my research.
I selected Barclays because customers wont have to leave my site to make payment.
I'm just about to start some serious research into my options and the charges from each provider and would appreciate any advice on offer.